Camden Property Trust (NYSE:CPT) Price Target Raised to $123.00 at Truist Financial

Camden Property Trust (NYSE:CPT) had its target price upped by research analysts at Truist Financial from $118.00 to $123.00 in a report released on Thursday,Benzinga reports. The firm currently has a “buy” rating on the real estate investment trust’s stock. Truist Financial’s price objective indicates a potential upside of 6.85% from the stock’s current price.

A number of other brokerages also recently issued reports on CPT. Stifel Nicolaus set a $118.75 price target on Camden Property Trust in a report on Friday, May 1st. Cantor Fitzgerald reduced their price target on Camden Property Trust from $108.00 to $102.00 and set a “neutral” rating on the stock in a report on Monday, May 4th. Wells Fargo & Company boosted their price target on Camden Property Trust from $106.00 to $107.00 and gave the company an “equal weight” rating in a report on Monday, June 1st. Mizuho boosted their price target on Camden Property Trust from $120.00 to $125.00 and gave the company an “outperform” rating in a report on Wednesday. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Camden Property Trust in a report on Monday, April 20th. Five equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $114.05.

Camden Property Trust Trading Down 0.2%

Shares of NYSE CPT traded down $0.20 during midday trading on Thursday, reaching $115.12. The company had a trading volume of 156,376 shares, compared to its average volume of 1,217,738. Camden Property Trust has a one year low of $96.53 and a one year high of $118.59. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 1.04. The firm’s fifty day moving average price is $104.81 and its 200-day moving average price is $105.77. The stock has a market cap of $11.57 billion, a PE ratio of 32.18, a price-to-earnings-growth ratio of 8.58 and a beta of 0.80.

Camden Property Trust (NYSE:CPT) last released its earnings results on Thursday, April 30th. The real estate investment trust reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.12. Camden Property Trust had a return on equity of 8.71% and a net margin of 24.69%.The company had revenue of $390.92 million during the quarter, compared to analyst estimates of $378.11 million. During the same quarter in the previous year, the company posted $1.72 EPS. Camden Property Trust’s revenue for the quarter was down .5% on a year-over-year basis. Camden Property Trust has set its FY 2026 guidance at 6.600-6.900 EPS and its Q2 2026 guidance at 1.650-1.690 EPS. On average, equities research analysts anticipate that Camden Property Trust will post 6.76 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Maverick Capital Ltd. purchased a new position in Camden Property Trust in the 4th quarter worth approximately $202,304,000. Norges Bank purchased a new stake in Camden Property Trust during the 4th quarter valued at $154,587,000. Viking Global Investors LP boosted its stake in Camden Property Trust by 41.6% during the 3rd quarter. Viking Global Investors LP now owns 3,846,740 shares of the real estate investment trust’s stock valued at $410,755,000 after purchasing an additional 1,130,718 shares during the last quarter. Invesco Ltd. boosted its stake in Camden Property Trust by 38.4% during the 4th quarter. Invesco Ltd. now owns 3,452,355 shares of the real estate investment trust’s stock valued at $380,035,000 after purchasing an additional 957,896 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in Camden Property Trust by 64.1% during the 4th quarter. Goldman Sachs Group Inc. now owns 2,113,896 shares of the real estate investment trust’s stock valued at $232,698,000 after purchasing an additional 825,769 shares during the last quarter. Hedge funds and other institutional investors own 97.22% of the company’s stock.

About Camden Property Trust

Camden Property Trust is a publicly traded real estate investment trust (REIT) specializing in the ownership, development and management of multifamily residential communities across the United States. The company’s core business activities include acquiring land for new construction, overseeing the design and development of garden-style and mid-rise apartment communities, and providing ongoing property management services. Camden’s asset management team focuses on maintaining high occupancy levels, resident satisfaction and operational efficiency through consistent leasing, maintenance and community engagement programs.

Camden’s portfolio encompasses a geographically diversified mix of properties located primarily in high-growth Sun Belt and major metropolitan markets.